Guggenheim: China Will Let The RMB Depreciate Again.

According to Bloomberg, Guggenheim Partners global chief investment officer Scott Minerd said he expects China to devalue the renminbi again in the next 3-6 months, which should help.

And Brazil St Paul stock exchange index.

Guggenheim Partners (Guggenheim partnership) is headquartered in New York and manages 240 billion US dollar assets. Scott Minerd is the chief investment officer in the world.

Guggenheim Partners is a privately held global Financial Services Company.

According to relevant information, the company is controlled by the Guggenheim family with Ashe Kenna Jewish origin.

Minerd said in an e-mail of September 28th: "

The Chinese economy will become more competitive in the export market and will further China.

This will help China's economy, stabilize commodity prices and boost Brazil. "

The Brazil St Paul stock exchange index fell eight days in September 28th, reaching its lowest level since 2009. In view of signs that China's growth in its largest trading partner has slowed sharply, analysts' views on Brazil's economy have become more pessimistic.

The Brazil St Paul stock exchange index has fallen by 43% in dollar terms this year, the worst in the world's major stock markets, as Brazil moves towards the longest recession since 1930s, when inflation is above target and political stagnation hinders the government's consolidation of budgetary efforts.

After data showed that the biggest drop in profits of Chinese industrial enterprises since 2011 has been overshadowed by the prospect of Brazil's raw material export enterprises, popularity has worsened in September 28th.

About 20% of Brazil's exports are exported to China.

Minerd said that the depreciation of the Renminbi should mark the bottom of Brazil's economy and boost Real.

Real has fallen 35% this year, the biggest in the major currencies, and Brazil has lost the investment grade rating granted by standard & Poor's.

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In a speech by the European Central Bank's Governing Committee, Mr wiedman said the ECB needs to scrutinize the impact of oil prices on inflation.

He believes that changing the inflation target will damage the credibility of the European Central Bank.

Wiedemann pointed out that the decline in oil prices has increased German consumer spending by 25 billion euros this year.

At the same time, Wiedemann said zero interest rates impede economic reform, and cheap credit also allowed businesses that could not survive independently.

Wiedemann stressed that monetary policy can not provide sustained high economic growth.

Expansionary monetary policy should not continue without being absolutely necessary.

At the same time, the Fed's interest rate increase will be a sign of confidence in economic growth.

Wiedemann said that it is very important to integrate immigrants into their labor force.